Dairy outlook set to improve by early 2017 says Ornua chief

Farmers can hope to see milk prices improve in early 2017, by which time Ireland will have increased dairy sales into China, Africa, and the Middle East, says Ornua chief executive Kevin Lane.

Dairy outlook set to improve by early 2017 says Ornua chief
Thu, 21 Apr, 2016 - 01:00
Joe Dermody

Ornua has unveiled record global sales of €2.5bn for 2015, plus earnings of €58.8m, up 18% on 2014.

Sales of its Kerrygold brand were at a record €740m. The wholly co-op-owned company closed 2015 with net assets of €526m, up 21% on 2014, and net debt of just €17m.

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CourtsFarming NewsOrnuaFarmdairyMilkFinanceBusinessPlace: ChinaPlace: AfricaPlace: Middle EastPlace: Riyadh,Place: Saudi ArabiaPlace: USPlace: SpainPlace: Kerrygold ParkPlace: Mitchelstown,Place: UKPerson: Kevin LanePerson: LanePerson: Deputy PresidentPerson: Pat McCormackOrganisation: OrnuaOrganisation: KerrygoldOrganisation: GlanbiaOrganisation: Kerry GroupOrganisation: Irish Dairy BoardOrganisation: Ambrosia DairyOrganisation: DairygoldOrganisation: ICMSAOrganisation: AurivoOrganisation: EUOrganisation: My Goodness Ltd.Organisation: Connacht GoldOrganisation: Aryzta
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